https://www.livemint.com/companies/news/naa-orders-starbucks-coffee-to-deposit-rs-1-04-crore-profiteered-amount-11604532377294.htmlAnti-profiteering watchdog, The national anti-profiteering authority (NAA) has ordered Tata-Starbucks to deposit ₹1.04 crore, that it allegedly profiteered by overcharging customers and not passing on GST rate cuts to them.
According to the NAA ruling, Tata-Starbucks, a joint venture between the Tatas and the American coffee chain, had hiked the base price of coffee products even after the GST Council cut tax rates on restaurant services.
Tata-Starbucks Coffee has to now deposit the fine along with 18% interest within three months.
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